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A large portion of the Egyptians do not have a chance to have a bank account, pressure many to depend on business money and free-lease. BrutalityThe start of Vethech, which has been set in 2019, I’m insulting the story by giving money to the tip of low employees. The company provides answers as a salary, digital pay, and micosocoame to support employees and contractors get more jobs.
Khazzna’s soon cash $ 16 million in payments, which brings up all over $ 63 million. Shopping helps to develop its plans as well as to prepare a bank of the Banks in Egypt and add to Saudi Arabia.
We covered the summary in 2022, that had faded $ 38 million Before 150,000 customers on its products. Today, Khazna has grown to the user up to more than 500,000 people; That number is half that is twice as close to the end of 2022, according to the Syim shared at the time.
The company only looks for workers to 3 times as a minimum of egyptians than the Egyptian Egyptians pay for money. About 100,000 users receive their payment via Khazna, allowing a company plus money as a loan and insurance directly in their payment accounts.
To 400,000 users, Khazna offers lending services, helping GIG’s GIG is a cash flow. Ceo Omar Saleh explained that the company only looked at the payment loan and lending money, which helps to make it last month.
“What we did to over two and-half years had to look at our pays, which is the recession of the payment and the Ceo Omar. because it has helped us to hit. “
On the way to be a digital bank
Khazna offers other tasks as money, buy now, to pay later, after the medical insurance, is a product of renting. But by reassuring yourself in return and leasing, that’s what tries to be a bank against all digit in the unprepresentation.
But one thing is missing: In contrast to traditional banks, such as many strings in Egypt, it does not have customer cards, making it up for the tips. Meanwhile, Hizna relied on the debt to help enough debts in dollars (USD) with the pounds of the egyptians (eg) to use its leases.
To reduce the rental rents and give low costs, Khazna is now working to earn the amount in Egypt. The permit allows to start accepting customer orders, allowing to reduce its value.
“Wonger WAnger here that we are available for users. There was a great chance to cope with the market and in a way that would make our money more attractive than it is today, and there is a place.
Khazna is leaving between 2026 to protect a passport from the Egyptian bank, which sets its a Digital Bank’s guide in July 2024.
But as a six-year-old adult begins with this procedure, at the same time it looks at the appearance of Saudi Arabia, where it needs to end money. Unlike the BNPL players if Taba with TamaraThe best looks on the BNPL times, Khazna expects to distinguish between the medium as it has access to money (EMA), leases to lend a pension.
Added plans, including iPo-without iPo
For something else is looking for Saudi and its connection with Egypt, Saleeh. Since the Egyptians of Saudi was in Saudi, the Egyptians – Egypt – Egypt-Sudyo is one of the expenses, including the answers to foreign credits (FX).
Marketting and medicine, Saudi Arabian markets are driving in the choice of Khazna, according to Saleh. Tadawal is one of a lot of water sales of water and seller, stiring up a couple of ipos over the past few years.
For that reason, Khazna wants to have her business 40-50% of her business from Saudi in the next four years, and make it important to the list on Tadayul. For the original seller who have used four to five years, Saleh says this provides a specified approach to get out of it.
Sure, Khazna will receive additional money with the latest capital. However, Egyptian difficulties in Egypt’s two years had a hand around.
Between 2022 and 2023, Egypt was eagerly eager to settle for money and economic, and make a lot of money, makes it very difficult. A little reduction of this is indicating that this, such as the amount of money began to respond freely to Egypts. But 2024 brought up a great change, and continue $ 50 billion in an external business (FDI) to Egypt in exchange for economic changes and economical changes. As a result, confidence to use use, bring to the recovery by the seller of countries worldwide and districts.
In fact, Khazna received a participant in new products and resources as Quonal Bank.
